News
News is Retail Sector’s central hub for breaking stories, market developments and company updates from across the UK retail industry. This category delivers authoritative, timely coverage on everything from trading performance and executive changes to store openings, brand activity and supply chain developments.
Retail Sector’s news coverage focuses on the business realities behind the headlines — providing retail professionals with context on how each development impacts operations, strategy and market confidence. Readers can expect clear, accurate reporting designed to keep decision-makers informed and competitive in a fast-moving retail landscape.
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May- 2025 -8 May
Co-op sends more stock to rural stores amid cyber attack disruption
Co-op has made the decision to prioritise sending grocery supplies to rural and island-based stores in the aftermath of a disruptive cyber attack that has destabilised its supply chains across the country. The news comes as concerns have been raised about shortages in remote communities following the attack, particularly for…
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8 May
Next ups profit guidance as Q1 sales rise by 11.4%
Next has upped its full-year profit guidance as it welcomed “better than expected” sales in the first quarter, with full price sales up by 11.4% as trade was boosted by the warmer spring weather. The “overperformance” meant sales were £55m higher than its forecast for the period, with the group…
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7 May
Today’s news in brief-7/5/25
Asda has appointed Rachel Eyre as its new chief customer officer, replacing David Hills. Eyre joins from Morrisons, where she served as chief customer and marketing officer, overseeing brand strategy, digital, and PR. With prior experience at Sainsbury’s and Barclays, she aims to reinforce Asda’s position as the UK’s lowest-priced…
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7 May
Hugo Boss holds guidance despite 2% fall in Q1 sales to €999m
Hugo Boss is maintaining its sales outlook for the year, despite having reported that sales fell by 2% to €999m (£850m) during the first quarter of 2025. Q1 sales dipped by 1% in both EMEA and the Americas. In the Asia Pacific region, sales dropped by 8% due to persistently…
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7 May
TOFS appoints former commercial director Tim Bettley as MD
The Original Factory Shop (TOFS) has appointed experienced retail leader and its former commercial director Tim Bettley as its new managing director. Bettley was most recently commercial director at Poundland and Dealz, and before that operated in the same role at TOFS from 2015 and 2018, during which time the…
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7 May
Skechers to be acquired by 3G Capital for $9.42bn
Footwear brand Skechers has announced that it has agreed to be acquired by 3G Capital for $9.42bn (£7bn). The investment firm has offered $63 (£47) per share in cash, representing a premium of 30% to the company’s 15-day volume-weighted average stock price. The transaction includes the option for existing shareholders…
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7 May
The Range unveils new set of format stores amid Homebase acquisition
CDS Superstores, parent company of The Range and Wilko, has confirmed the next raft of openings for its new-format superstores, following the acquisition of the Homebase brand and up to 70 of its stores. Building on earlier plans to convert 45 former Homebase stores across the country as The Range…
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7 May
Asda appoints former Morrisons exec as chief customer officer
Asda has announced the appointment of Rachel Eyre as the new chief customer officer, succeeding David Hills in the role. Eyre joins from Morrisons where she was previously chief customer and marketing officer, responsible for the retailer’s customer service, brand, marketing, digital and PR activities. Prior to joining Morrisons in…
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7 May
Card Factory sales and profits rise in FY25 amid growth strategy
Card Factory has welcomed a year of “resilient” trading, with both revenues and profits rising as the group implemented its growth strategy and expanded its store portfolio and product offerings over the period. In the full-year ended 31 January 2025, adjusted profit before tax rose by 6.3% to £66m, while…
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6 May
Today’s news in brief-6/5/25
Deliveroo has agreed to a £2.9bn takeover by US rival DoorDash, creating a combined entity operating in over 40 countries with annual orders exceeding £10bn. The deal, offering a 44% premium on Deliveroo’s share price, was approved by its board. DoorDash CEO Tony Xu highlighted the potential for expanded innovation,…
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